Sony Prepares 2-Tranche Dollar-Bond Sale, Its First in Nearly 30 Years
Updated
Updated · Bloomberg · Jun 22
Sony Prepares 2-Tranche Dollar-Bond Sale, Its First in Nearly 30 Years
2 articles · Updated · Bloomberg · Jun 22
Summary
Sony has asked Bank of America and Morgan Stanley to begin investor calls for a US dollar bond deal, marking its return to the market after nearly three decades.
The planned offering is expected to come in two tranches, with five-year and 10-year maturities, according to a person with direct knowledge of the matter.
The move would be Sony's first US investment-grade bond sale since the era when the original PlayStation was still being marketed, underscoring how long it has stayed away from dollar debt.